UN Global Compact
The Ten Principles of the UN Global CompactXBM believes that corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that meet our fundamental responsibilities in the areas of human rights, labour, environment, and anti-corruption, as reflected in the UN Global Contract.
By incorporating the Ten Principles of the UN Global Compact into our strategies, policies, and procedures, and establishing a culture of integrity, XBM seeks to not only uphold our basic responsibilities to people and planet, but also create a positive foundation for our long-term success.
Click on the links below to explore each principle in more detail.
Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Labour
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.
Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
Anti-Corruption
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
Background
The Ten Principles of the United Nations Global Compact are derived from:
- The Universal Declaration of Human Rights
- The International Labour Organization’s Declaration on Fundamental Principles and Rights at Work
- The Rio Declaration on Environment and Development
- The United Nations Convention Against Corruption.
